In 2018, PayPal's annual revenue amounted to 15.45 billion U.S. dollars, up from 13.09 billion in the previous year. The digital payment provider’s biggest revenue segment were transaction revenues, which amounted to 13.7 billion U.S. dollars during the most recently measured period.

PayPal usage in online shopping

With 277 million active registered user accounts, PayPal is one of the biggest digital payment providers worldwide. The company enables users to make online, mobile and peer-to-peer payments, and is a popular payment method for digital purchases on sites ranging from eBay to Amazon. As of December 2018, 36 percent of North American retailers were already accepting customer payments via PayPal and 34 percent were intending to do so within the next two years. PayPal is particularly useful for international purchase payments as not every online user has access to a credit card and local payment methods offered by online sellers can differ. In 2018, 19 percent of PayPal's payment volume was generated through cross-border transactions. However, PayPal’s popularity makes it a prime target for online scams and fraud. As of October 2018, PayPal was impersonated in six percent of phishing attacks worldwide. Furthermore, the average price of a stolen PayPal account login on the dark web was approximately 42 U.S. dollars. In comparison, stolen bank details were worth 259.56 U.S. dollars.